William Hill employees are to share a £3.5 million payout from the maturity of a three-year sharesave scheme.
Almost 700 employees will benefit from the success of the bookmaking firm’s share price, which has grown from £1.83 in July 2009 when the scheme was launched, to a closing price of £3.13 on 31 July.
The sharesave scheme, which is celebrating its 10th anniversary this year, allows employees to save between £5 and £250 per month for either a three- or five-year period, at the end of which they have an opportunity to buy William Hill shares at a 20% discounted price.
Employees are invited to join the scheme every March. Those who invested the maximum £250 per month back in 2009 are now in line to receive an additional £10,000, on top of their original investment of £9,000.
David Russell, group HR director at William Hill, said: “I am delighted that so many of our employees are able to celebrate the success of the organisation in this way.
“This high return is a reflection of the hard work and commitment of William Hill employees in driving up the share price. It really is a win-win for employees and shareholders.”
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